An old housing estate’s potential
SOME of the older housing estates in Petaling Jaya, Selangor are like fine wine.
DONE DEAL: Glomac Centro at Kayu Ara, Petaling Jaya, Selangor
Rented for: RM1,800 Concluded by: Edmund Chin of Propstar Realty (012-339 1260) When: March 2016 Noteworthy: • Leasehold • Intermediate office unit on the first floor with washroom • Built-up area: 1,637 sq ft • Near institutes of higher education such as KDU, KBU and SEGi College; within 15 to 30 minutes’ drive to shopping malls such as 1 Utama, The Curve, IKEA and Atria Shopping Gallery • Surrounded by mature townships such as Bandar Utama, Damansara Utama and Damansara Jaya Glomac Centro is a mixed development comprising 2-storey shop offices and a block of 29-storey serviced apartments in Kayu Ara, Petaling Jaya.
RM4.2 bil worth of MRT2 contracts awarded
KUALA LUMPUR (May 12): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded four work package contracts for the construction of the MRT Sungai Buloh-Serdang-Putrajaya (SSP) line (MRT2), with a combined value of RM4.
Paramount’s 1Q earnings tumble 58.21% on lower property sales
KUALA LUMPUR (May 12): Property developer Paramount Corp Bhd saw its net profit plunge 58.
PHB looking at new asset class?
REAL estate investment firm Pelaburan Hartanah Bhd (PHB) seems to have had a busy 2015.
PROPERTY SNAPSHOT 4: What’s hot in Cheras?
• Today, we look at price growth and indicative rental yields for non-landed homes in Cheras, Kuala Lumpur.
Branz Tower Wellith Shinsaibashi South Malaysian launch this weekend
PETALING JAYA (May 11): Japanese property developer Tokyu Land and property investment company NTT Urban Development Corp will launch the Branz Tower Wellith Shinsaibashi South project in Tokyo this weekend in Malaysia, said JLL Property Services (Malaysia) Sdn Bhd head of international residential property services Jazmine Goh.
Malaysia beats Japan and Hong Kong as China’s preferred investment destination
KUALA LUMPUR (May 11): Malaysia and Singapore were the sixth most preferred property investment countries for China investors in 2015, ahead of Japan (seventh) and Hong Kong (eighth), according to Australian property investment portal Investorist.
MBSB's 1Q net profit slumps by 71.98% on higher impairment allowances
KUALA LUMPUR (May 11): Malaysia Building Society Bhd (MBSB)’s net profit for the first quarter ended March 31, 2016 (1QFY16) slumped by 71.
I’m here to crack the whip, says TA Global’s Joo Kim
AFTER spending the most of the last seven years jetting back and forth between Vancouver, Canada, and Kuala Lumpur, the 36-year-old new CEO of TA Global Bhd, Tiah Joo Kim (pictured) — the third child and eldest son of chairman Datuk Tony Tiah and his wife Datin Tan Kuay Fong — says he is now back in town to “crack the whip” and get the group’s property projects moving.
